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    OFF-MARKET
    Commercial real estate

    499 Long Shoals Rd, Arden, NC 28704

    9.4 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 9.4-acre commercial tract presents a remarkable investment opportunity in Arden, North Carolina. Strategically located at the intersection of Long Shoals Road and Clayton Road, this property boasts unparalleled visibility due to its placement at a traffic signal. The zoning designation, encompassing both Employment (EMP) and Residential (R-2) classifications, allows for a wide range of development possibilities. Imagine a thriving multi-family residential community, a state-of-the-art senior care facility, a modern industrial complex, or a vibrant retail shopping center. The property's proximity to Interstate 26 ensures convenient access for residents and customers alike. Furthermore, its location directly across from Sunshine Chevrolet guarantees high traffic counts and excellent brand visibility. The surrounding area offers additional advantages, including the scenic French Broad River and the bustling Biltmore Park Town Square in South Asheville, providing a desirable location for both businesses and residents. This prime commercial land offers significant potential for substantial returns, making it an ideal investment for discerning developers and investors seeking a high-impact project in a rapidly growing area. The property is situated in Buncombe County, offering access to a robust infrastructure and supportive business environment. This is a rare opportunity to acquire a large, well-located parcel with exceptional development potential. The asking price is $3,243,000.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 9.4 ac (409,464 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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